People ex rel. Hilton v. Fahrenkopf

Appeal from an order of the Albany Special Term made upon the report of a referee and after hearing oral evidence on its own motion, fixing the assessed valuation for 1936 of 41 North Pearl street, Albany, at $704,000, and 98 Sheridan avenue at $15,048. These properties had been assessed by the commissioner of assessments respectively at $800,000 and $25,000. It was stipulated that there was twelve per cent inequality, or that property generally in the city of Albany was assessed at eighty-eight per cent of its value. The court determined that the value of the Pearl street property was…